Global Omega-6 Market, By Source Type (Soybean Oil, Sunflower Oil, Rapeseed Oil, Sesame Oil, Palm Oil, Others), Application (Dietary Supplements, Animal feeds, Pharmaceuticals, Food and Beverages, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Omega-6 Market
Omega-6 market size is valued at USD 9.83 billion by 2028 and is expected to grow at a compound annual rate of 9.10% in the forecast period 2021 to 2028. The high growth in demand for food fortification is the factor for the omega-6 market in the forecast period of 2021 to 2028.
Omega 6 is the polyunsaturated fatty acids that are essential for the human diet as the body cannot turn out them naturally. Omega 6 fats are largely present in the vegetable oils cooked food, refined vegetable oils and nuts and seeds. They also present medicinal benefits such as ensuring brain development, strengthening the immune system and regulating blood pressure. They are also good for the heart when consumed in sufficient amounts as a substitute for saturated fats found in dairy and meat products. They are usually found in sunflower, soybean, sesame, palm and rapeseed oil.
The major growing factor towards omega-6 market is the wider application scope of omega-6 in animal feeds, functional foods and beverages and pharmaceutical industry. The prime factor driving the demand for omega-6 is the improving consumer lifestyle and increasing mental stress. Furthermore, the increasing usage in dietary supplements to improve growth and fulfill deficiency of vitamins and nutrients in the diet as well as the rising family disposable incomes associated with strengthening buyer power are also heightening the overall demand for omega-6 market over the forecast period of 2021 to 2028. Moreover, the growing awareness regarding their medicinal benefits and increasing demand to adopt a healthy lifestyle also serves as a foremost driver for increasing the demand for omega-6 market at a global level. In addition, the diet diversification, innovative production technologies, rapid urbanization and liberalization of foreign direct investment are also lifting the growth of the omega-6 market.
However, the dearth of clarity among consumers regarding daily recommended intake and low fish oil supply owing to sustainability issues amongst fisheries which is projected to act as a restraint towards the growth of omega-6 market, whereas the increasing cost of research and development for production of these fatty acids have the potential to challenge the growth of the market in the above mentioned forecast period.
Moreover, the increasing research for the development of alternative sources to obtain omega-6 as well as the rapid increase in consumer demand for plant-based products will further generate new opportunities for the omega-6 market in the forecast period of 2021 to 2028.
This omega-6 market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on omega-6 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Omega-6 Market Scope and Market Size
Omega-6 market is segmented on the basis of source type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source type, the omega-6 market has been segmented into soybean oil, sunflower oil, rapeseed oil, sesame oil, palm oil and others.
- Omega-6 market has also been segmented into on the basis of application into dietary supplements, animal feeds, pharmaceuticals, food and beverages and others.
Omega-6 Market Country Level Analysis
Omega-6 market is analyses and market size, volume information is provided by country, source type and application as referenced above.
The countries covered in the omega-6 market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America leads the omega-6 market due to the rapidly rising demand for dairy products as well as the decreased prices in this particular region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the growing demand from consumers on account of rapidly changing lifestyles in this region. Also, Countries such as China, India and Japan have large areas for agriculture and production of high-fiber plants and oilseeds, which act as a massive source for omega 6 ingredients.
The country section of the omega-6 market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Omega-6 Market Share Analysis
Omega-6 market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to omega-6 market.
The major players covered in the omega-6 report are BASF SE, Merck KGaA, Omegavia, Cargill, Incorporated, Innovix Pharma Inc., Nordic Naturals, Inc., DSM, Corteva, NOW Foods, ADM, NutriGold, Inc., Dow, GlaxoSmithKline plc, Vital Choice Wild Seafood & Organics, Croda International Plc, Carlson Labs, KD Nutra, Pharma Marine AS, FrieslandCampina, and Kerry among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provide competitive analysis for each competitor separately.
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